Chronicle of a Death Foretold ?

Today March 6 2007 US Session UPDATE: (Live EUR/US Futures)

15:15 GMT+1

Trade 2

1. Price (131.05). Price below 36 SMA? (yes) Short? (Yes)

3. M2 BB hit? (No)
M2 RSI overbought? (YES)
Daily pivot hit (131.04 1st / 131.16 2nd)? (Yes).

Status: Missed the trade. I didnt pull the trigger on time
jjrvat

 

Sorry Rennick I named my trade after a famous novel of GABRIEL GARCIA MARQUEZ "Cronicas de una muerte anunciada" in spanish (Chronicle of a Death Foretold). This novel is NOBEL price winner. It has nothing to do with you ....

http://en.wikipedia.org/wiki/Chronicle_of_a_Death_Foretold

jjrvat

 

Today March 6 2007 US Session

15:29 GMT +1

US Factory Orders at 16:00 are expected to favor the euro. Although most of the fundamentals behind this news are already contained in previous reports, there is going to be speculators.

A MACD divergences is forming. I’ll wait after 16:00 for direction


jjrvat

 

Today March 6 2007 US Session (LIVE)

16:04 GMT +1

Random comments:

1. US Factory Orders m/m (-5.6%) worse than expected. Favor a stronger EURO in the short term

2. MACD divergence in M10

Status waiting for signals to go long

jjrvat

 

Today March 6 2007 US Session (LIVE)

16:49 GMT +1

Random comments:

1. Price having a lot of trouble breaking the 131.16 daily resistance pivot point.

2. ... Maybe after Europe goes home ???

jjrvat

 

Finally

 

Today March 6 2007 US Session (LIVE)

17:01 GMT +1

Trade 2

1. Price (131.12). Price above 36 SMA? (yes) ? Long (Yes)

2. M2 BB hit? (No)
M2 RSI oversold? (No)
Daily pivot hit (131.04)? (No).

Status: still waiting for pullback and conditions to go long

jjrvat

 

Today March 6 2007 US Session (LIVE)

17:43 GMT +1

Trade 2

1. Price (131.14). Price above 36 SMA? (yes) ? Long (Yes)

2. M2 BB hit? (Yes)
M2 RSI oversold? (Yes)
Daily pivot hit (131.04)? (No).

Status: Waiting for pivot point to be hit

jjrvat

 

Today March 6 2007 US Session (LIVE)

18:18 GMT +1

Trade 2

1. Price (131.20). Price above 36 SMA? (yes) ? Long (Yes)

2. M2 BB hit? (Yes)
M2 RSI oversold? (Yes)
Daily pivot hit (131.04)? (No).

Status: Missed the trade again !!!!argggg

jjrvat

 

After a really mediocre day for me I decided to stop trading today. 2 out of 3 trades missed. I don’t want to start impulsive trades …..

Trading day 2 Summary

Rating: Mediocre
Trades: 1
Missed trades: 2
Profit: 6 pips

Direction Forecast for long or shorts: 9/10.

11:00 – 14: 30 Shorts. OK
14:30 – 15:45 Shorts. OK
16:00 … Longs. OK

Entries: 2/10 Missed trades. Waiting for too many confirmations in clear scenarios.